These are the headlines you Need 2 Know.
* **Two Killed in Florida Shooting:**
A 24-year-old gunman opened fire Sunday at a Madden video game competition in Florida, killing two and injuring 11 before turning the gun on himself. The shooter, David Katz, won the tournament in 2017 under the pseudonym "Bread." Police still haven’t determined a motive. For the latest [click here](https://www.cnn.com/2018/08/26/us/jacksonville-madden-shooting/index.html).
* **Remembering McCain:**
The late Arizona Senator died from cancer on Sunday. He was 81. The former Vietnam vet, prisoner of war, and six-term Republican senator was known for collaborating with lawmakers on both sides of the aisle. Here's how Republicans and Democrats are [remembering the former presidential candidate](http://www.time.com/5377616/john-mccain-political-tributes/).
* **Pope Francis Accused of Covering Up Abuse:**
According to an explicit, 11-page letter published Sunday, Pope Francis knew about sex abuse allegations made against ex-Cardinal McCarrick for years. The letter, penned by the Vatican’s former ambassador to the U.S., calls for the Pope's resignation and said he covered up the abuse and even elevated McCarrick's status.
[Read the latest, here](https://www.nbcnews.com/news/world/explosive-letter-claims-pope-francis-helped-cover-cardinal-mccarick-sex-n903936).
* **Hurricane Lane Flooding Ahead:**
The storm drenched Hawaii with more than 46 inches of rain last week, and officials say the worst is over. But Lane is now considered a tropical storm, and forecasters warn that serious flooding is a real possibility. For the latest [click here](https://www.newsweek.com/hurricane-lane-latest-hawaii-storm-warnings-lifted-flooding-still-major-1090945).
Cheddar's Jill Wagner gets into the latest.
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Catching you up on what you need to know on Tuesday, May 31, 2022, EU leaders agree to ban 90% of Russian oil by year-end, funerals begin in Uvalde, Texas one week after a mass shooting killed 19 children and two adults, and President Biden meets with the world's biggest boy band BTS.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, just below a four-decade high set in March and the first slowdown since November 2020.
The pain and grief from this week’s shooting in a 4th grade classroom at Robb Elementary School in Uvalde, Texas is still with us. Cheddar's Shannon Lanier ends the week by pausing to remember some of the faces of the 19 children killed and their teachers.
Cheddar New’s reporter Megan Pratz reports from the scene in Uvalde, Texas, with additional details that indicate the shooter was inside Robb Elementary School for more than an hour before law enforcement was able to confront and kill him.
U.S. stocks ended near session highs to close Thursday's session after retailers released positive earnings results. Investors also continued to weigh the federal reserve's recent indication that the central will raise rates in an effort to curb inflation. Adam Johnson, Portfolio Manager for Adviser Investments, joins Cheddar News' Closing Bell to discuss.
After the horrific mass shooting at a Texas elementary school, activists are once again urging Congress to take action. Trevon Bosley, a gun violence prevention activist, joined Cheddar News to talk about how to push legislators on the issue of new gun restrictions. “Even 10 years later the same sense of hopelessness from before," Bosley said, referring to the lack of change since the Sandy Hook massacre.
In Jarkesy v. Securities and Exchange Commission, the 5th U.S. Circuit Court of Appeals ruled that the SEC violated the U.S. Constitution. Cheddar's Alex Vuocolo dives into how the ruling could potentially change everything for regulators.
